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Land with Home for Sale in Edgewood, New Mexico

78 Drake Rd, Edgewood, NM 87015

$384,900
40 acres
Active sale
$14.1k drop
Est $2,180/mo

Seller financing available with below-market rates for qualified buyers. Ask about financing that may make ownership more affordable than many rental options. Rare opportunity to own 40 usable acres in Edgewood with the water, infrastructure, and improvements already in place to start enjoying country living from day one. A private 600' well producing approximately 25 GPM feeds a 3,000-gallon cistern, complemented by a conventional septic system and an established garden area with drip irrigation and timers. The clean, well-maintained 2016 Clayton home is situated on a permanent foundation and offers 3 BR / 2 BA with refrigerated A/C, electric forced-air heat, and a woodstove for backup heat and ambiance. Recent improvements include a metal roof, water heater, refrigerator, and carpet. Whether your vision includes homesteading, horses, livestock, hobby farming, RVs and equipment, or simply a private retreat with room to breathe, the property is ready for it. Additional improvements include a 3-car carport, 40' storage container, two greenhouses, and chicken coop with secure run. Enjoy wide-open New Mexico skies, mountain views, memorable sunrises and sunsets, and very little traffic. The acreage may also offer future development or split potential. Santa Fe County Residential Estate zoning has a 2.5-acre minimum lot size; any subdivision or development is subject to county approval and independent buyer due diligence. Matterport 3D tour available--explore the home online before your visit. Seller financing terms are negotiable and subject to seller approval.

1,190
Sq feet
3
Beds
2
Full baths
2016
Built

Location

Street address
78 Drake Rd
Zip code
87015
Community
NE Edgewood
Elevation
6,604 feet
Coordinates
35.1592, -106.1694

Directions

Follow I-40 E to NM-344 N in Edgewood. Take exit 187. Follow NM-344 N to Drake Rd. Turn right onto Drake Rd. 78 Drake Rd. will be on the left.

Property details

Acreage
40 acres
Zoning
R-1
MLS #
SWMLS 1101051
Posted

Property taxes

Recent
$824

Parcels

  • 096008482

Details and features

Listing

Type
Residential
Subtype
Manufactured Home

Lot

Features
Views

Exterior

Features
Private Yard, Skirting

Structure

Stories
1
Water
Private, Well
Sewer
Septic Tank
Heating
Electric, Forced Air, Wood, Wood Stove
Cooling
Yes
Roof
Metal
Windows
Vinyl Frames

Interior

Rooms
Bathroom x 2, Bedroom x 3
Flooring
Carpet, Vinyl
Appliances
Dishwasher, Free Standing Electric Range, Refrigerator
Features
Ceiling Fans, Kitchen Island, Main Level Primary

Nearby schools

NameType
South MountainElementary
EdgewoodMiddle
MoriartyHigh

Listing history

DateEventPriceChangeSource
Sept 3, 2026Price drop$384,900$14,100 -3.5%SWMLS
June 3, 2026Price drop$399,000$25,000 -5.9%SWMLS
Apr 24, 2026Price drop$424,000$15,000 -3.4%SWMLS
Apr 3, 2026New listing$439,000—SWMLS
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This 40-acre property is located at 78 Drake Rd in Edgewood, NM 87015. The property is available for sale, priced at $384,900. It has a 1,190 square foot 3-bedroom, 2-bath house built in 2016.

Listed by Hardy & Company, (505) 670-5604

Checked 2 hours agoUpdated Source

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